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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?


To: Jim Willie CB who wrote (45342)10/19/1999 6:38:00 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 152472
 
TA: QCOM and NazComp are moving step for step

each built a bottom last week, getting off its back yday
each broke out nicely today, probably on big short covering
each gave it back in late afternoon
each now sits right at shorterm 50-hour MovingAvg

NazComp had huge volume today with over 1 billion shares traded
QCOM did not have huge volume, at the average of 5.2 million

NazComp has no evident Cup&Handle to push it along
QCOM has the makings of a nice Cup&Handle at 200 level

that 50hr MA served as resistance for QCOM on the way down
twould be nice if 50hr MA served as support on the way up
by end of week all shorterm MA's might easily be aligned
QCOM moves like a homesick angel when its shorterm MA's are aligned

tomorrow we rock
on Island afterhours: QCOM 199.5 MSFT 90.75 (up 4 post)
/ Jim